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- Title
Market-based conservation: Aligning static theory with dynamic systems.
- Authors
Woodward, Richard T.; Stronza, Amanda; Shapiro‐Garza, Elizabeth; Fitzgerald, Lee A.
- Abstract
This paper provides a broad evaluation of the implications of market-based conservation ( MBC) strategies from economic, social and ecological perspectives. After reviewing the economic theory that underlies MBC initiatives, we develop a list of approaches that have been labeled as 'market-based', and categorize them according to the degree to which they are free-standing markets or require the intervention of the state. A multidisciplinary critique reveals the potential problems and pitfalls of MBC are due to a lack of ability to deal with dynamic systems in the real world. The dynamics of these three systems can undermine the intended goals of MBC.
- Subjects
NATURE reserves; CONSERVATION of natural resources; ECOLOGICAL reserves; GREENHOUSE gases &; the environment; ECONOMICS; DEVELOPING countries
- Publication
Natural Resources Forum, 2014, Vol 38, Issue 4, p235
- ISSN
0165-0203
- Publication type
Article
- DOI
10.1111/1477-8947.12058